Reverse Repo has ~$71B left until it is fully drained. QT continues unabated.
The question that remains is whether this will cause a September 2019-like overnight rate spasm that forces the Fed to step in with extraordinary measures or whether the structural changes they've made over the last 5+ years will work. If the reverse repo market drains without any rate spasms, QT will move its focus to bank balance sheets.
Something to pay attention to.
I've given up on understanding the fiat system, but I applaud your efforts
Please Login to reply.
It’s an inscrutable mess
Lol for real. I tried to understand as much as I could for like a year straight and just couldn't retain most of it. The only relevant takeaway was the system is stupid and I should stack more sats.
Great summary
Exactly 🤙
